Truss listings platform-brokerage launches in LA commercial market

The 3-year-old company matches tenants with landlords

Apr.April 25, 2019 03:00 PM
Truss founder Bobby Goodman
Truss founder Bobby Goodman

Fresh off a $15 million funding round, commercial listings platform and brokerage Truss launched in Los Angeles, its 10th U.S. city.

Truss, which calls itself a more efficient way for prospective tenants to find commercial space, lists co-working, office, retail, and industrial locations. Truss operates much like Redfin — potential tenants can browse space online. When one is selected, a Truss agent will represent the tenant in the leasing process.

The firm closed a $15 million fundraising round with General Catalyst in January, bringing its total raise to $24 million. The company was founded in 2016 and is active in 10 U.S. office markets, including Chicago, Miami, Boston, and Austin.

A statement from Truss said that it is launching with listings for 1,900 office spaces and around 100 co-working locations totaling 9 million square feet of office space in the L.A. area.

WeWork, Industrious, and CommonGrounds are among the co-working and flexible office firms listing space on the platform. Those companies have been scooping up office space recently, a fight for dominance in the L.A. market.

Related Articles

Mario J. Palumbo, managing director of Seward Partners and Millennium Partners, and the site (Credit: Google Maps)

MP Los Angeles plans 14-story office development in Hollywood

Jefferson Creative Campus sells for $169M in Culver City (Credit: Newmark Knight Frank)

Lincoln, Clarion snap up Culver City office campus for $169M

From left: SteelWave CEO Barry DiRaimondo and Griffin Capital CEO Kevin A. Shields

SteelWave pays $64M for empty El Segundo office

The West L.A. skyline

Westside gives boost to LA’s office market in Q3

Blackbird founder Bridgid Coulter and the Culver City space as of August

Co-working newcomer Blackbird, focusing on women of color, will open in LA

Downtown Los Angeles (Credit: iStock)

Office rents spike as tech and media tenants continue leasing spree: report

Joon Choi, principal at Harbor Associates, and 2400 Conejo Spectrum Street (Credit: Google Maps)

Harbor Associates leases up then sells off its Thousand Oaks office park

Abhi CVK and Rashid Aziz

New platform that automates real estate transactions just launched